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Em Tech Co (XKRX:091120) Cyclically Adjusted Book per Share : ₩12,500.20 (As of Mar. 2024)


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What is Em Tech Co Cyclically Adjusted Book per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

Em Tech Co's adjusted book value per share for the three months ended in Mar. 2024 was ₩14,726.967. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is ₩12,500.20 for the trailing ten years ended in Mar. 2024.

During the past 12 months, Em Tech Co's average Cyclically Adjusted Book Growth Rate was 8.90% per year. During the past 3 years, the average Cyclically Adjusted Book Growth Rate was 15.10% per year. During the past 5 years, the average Cyclically Adjusted Book Growth Rate was 14.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Book Growth Rate using Cyclically Adjusted Book per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Book Growth Rate of Em Tech Co was 16.80% per year. The lowest was 15.00% per year. And the median was 15.50% per year.

As of today (2024-06-21), Em Tech Co's current stock price is ₩32400.00. Em Tech Co's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2024 was ₩12,500.20. Em Tech Co's Cyclically Adjusted PB Ratio of today is 2.59.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Em Tech Co was 4.93. The lowest was 0.81. And the median was 2.53.


Em Tech Co Cyclically Adjusted Book per Share Historical Data

The historical data trend for Em Tech Co's Cyclically Adjusted Book per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Em Tech Co Cyclically Adjusted Book per Share Chart

Em Tech Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Cyclically Adjusted Book per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7,165.60 8,088.45 9,505.70 11,093.00 12,323.80

Em Tech Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Book per Share Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11,475.00 11,758.60 12,163.20 12,323.80 12,500.20

Competitive Comparison of Em Tech Co's Cyclically Adjusted Book per Share

For the Communication Equipment subindustry, Em Tech Co's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Em Tech Co's Cyclically Adjusted PB Ratio Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Em Tech Co's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Em Tech Co's Cyclically Adjusted PB Ratio falls into.



Em Tech Co Cyclically Adjusted Book per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Book per Share and the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years.

What is Cyclically Adjusted Book per Share? How do we calculate Cyclically Adjusted Book per Share?

Cyclically Adjusted Book per Share is the average of the inflation adjusted Book Value per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Book per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the book value per share from 2001 through 2010.

We adjusted the 2001 book value per share data with the total inflation from 2001 through 2010 to the equivalent book value in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's book value is $1 a share in 2001, then the 2001's equivalent book value in 2010 is $1.4 a share. If Wal-Mart's book value is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 book value in 2010 is $1.35. So on and so forth, you get the equivalent book value per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, Em Tech Co's adjusted Book Value per Share data for the three months ended in Mar. 2024 was:

Adj_Book= Book Value per Share /CPI of Mar. 2024 (Change)*Current CPI (Mar. 2024)
=14726.967/118.8477*118.8477
=14,726.967

Current CPI (Mar. 2024) = 118.8477.

Em Tech Co Quarterly Data

Book Value per Share CPI Adj_Book
201406 6,369.566 99.353 7,619.380
201409 6,699.534 99.608 7,993.577
201412 6,914.322 99.098 8,292.309
201503 7,169.674 99.720 8,544.918
201506 7,317.872 100.050 8,692.776
201509 7,688.164 100.110 9,127.166
201512 7,882.121 100.220 9,347.156
201603 8,191.785 100.560 9,681.531
201606 8,310.101 100.790 9,798.952
201609 8,339.804 101.460 9,769.037
201612 8,643.074 101.560 10,114.311
201703 8,336.632 102.850 9,633.345
201706 8,766.303 102.610 10,153.542
201709 8,935.664 103.490 10,261.698
201712 9,497.213 102.990 10,959.529
201803 11,203.219 104.100 12,790.363
201806 12,086.986 104.130 13,795.357
201809 11,934.110 105.650 13,424.908
201812 11,913.697 104.350 13,568.907
201903 12,473.995 104.490 14,188.014
201906 11,424.666 104.880 12,946.179
201909 11,465.177 105.200 12,952.566
201912 11,027.026 105.120 12,467.054
202003 10,907.420 105.540 12,282.753
202006 11,659.025 104.870 13,213.009
202009 11,414.572 106.200 12,773.970
202012 12,053.718 105.765 13,544.663
202103 12,431.043 107.357 13,761.544
202106 13,407.429 107.579 14,811.887
202109 14,610.400 108.759 15,965.660
202112 14,670.682 109.676 15,897.466
202203 14,242.337 111.806 15,139.367
202206 15,604.851 114.083 16,256.619
202209 16,434.581 114.831 17,009.406
202212 15,774.859 115.200 16,274.327
202303 16,123.567 116.550 16,441.488
202306 15,501.717 117.140 15,727.719
202309 15,192.551 119.111 15,158.942
202312 14,897.643 118.848 14,897.643
202403 14,726.967 118.848 14,726.967

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.


Em Tech Co  (XKRX:091120) Cyclically Adjusted Book per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Book per Share may underestimate the company's equity. Cyclically Adjusted PB Ratio can seem to be too high even the actual PB Ratio is low.

For the Cyclically Adjusted PB Ratio, the book value of the past 10 years are inflation-adjusted and averaged. The result is used for P/B calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PB Ratio is also called CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Em Tech Co's Cyclically Adjusted PB Ratio of today is calculated as

Cyclically Adjusted PB Ratio=Share Price/Cyclically Adjusted Book per Share
=32400.00/12500.2
=2.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

During the past 13 years, the highest Cyclically Adjusted PB Ratio of Em Tech Co was 4.93. The lowest was 0.81. And the median was 2.53.


Be Aware

Cyclically Adjusted PB Ratio works better for cyclical companies. It gives you a better idea on the company's real book value.


Em Tech Co Cyclically Adjusted Book per Share Related Terms

Thank you for viewing the detailed overview of Em Tech Co's Cyclically Adjusted Book per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


Em Tech Co (XKRX:091120) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Em Tech Co Ltd (XKRX:091120) » Definitions » Cyclically Adjusted Book per Share
Traded in Other Exchanges
N/A
Address
24-9 Seongju-dong, Changwon-si, Gyeongsangnam-do, KOR, 609-390
Em Tech Co Ltd is a South Korea based company engages in the developing, manufacturing and sale of a micro speaker and dynamic receiver.

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